U Bar Inn and Suites

130 W. Ash Street Canistota, SD

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Sale Price: $220,000

Building Size: 8,711 sq. ft.

Total Available Space: 8,117 sq. ft.

Suite Size: 8,711 sq. ft.

Property Type: Hospitality

Year Built: 1950

Property Description

Property Features

  • 27 rooms
  • Building size: 8,117 sq. ft.
  • Lot size: 33,883 sq. ft.
  • Former Best Western
  • Elimination of franchise fees
  • TTM: $150,000
  • Payroll: 22%
  • Can convert 8 kitchen rooms into apartment if needed
  • Owner willing to do CFD with large down payment
  • Quick close and priced right
  • Property built in 1950 & 1970
  • Surface parking with approximately 32 spaces

Pricing

  • Price reduced: $220,000 ($8,148.14/key)
  • 2018 Real Estate Taxes: $7,742.31
  • Financials available upon request

Location

  • Located between 2nd & 3rd Avenue in Canistota
  • Canistota is located between Mitchell & Sioux Falls,
  • 5 miles off I-90
  • Area neighbors include the world-renown Ortman Clinic, Good Samaritan, Ortman Hotel, Cameron Inn, Baxa’s Good Times Cafe & Pub, and Lake Vermillion Recreation area

Brokers

Dale Zomer

Senior Vice President

Office Phone: (605) 444-7117

Dale Zomer joined NAI Sioux Falls in May of 2016.  Dale brings 25 years experience of representing clients in the sale or purchase of income-producing properties.

View Dale's Profile